Unibank is new partner bank of Energocredit

05/01/2015

Unibank joins the Energocredit programme in Azerbaijan. The new partner bank will finance energy efficiency projects of its retail and corporate clients with a total of USD 1.4 million, granted through a credit line of EBRD.

Energocredit offers a triple benefit to the customers of Unibank:

  • 10 or 15 % cash back on investments in energy efficient equipment and refurbishment
  • free, tailor-made advice of international experts for energy saving possibilities
  • a loan package for investments in energy efficiency at best conditions

With Unibank, four partner institutions of EBRD’s Caucasus Energy Efficiency Programme finance energy efficiency in Azerbaijan. The EBRD loan to Unibank will be supported by grant funding from the European Union Neighbourhood Investment Facility, the EBRD Shareholder Special Fund and the Austrian Federal Ministry of Finance.

Unibank is one of the largest private banks in Azerbaijan. It was established on 15 October 2002 as a result of the merger of two private commercial banks - MBANK (1992) and PROMTEXBANK (1994). Find further information at www.unibank.az.